DXCM vs. ANET
DXCM (DexCom, Inc.) and ANET (Arista Networks, Inc.) are both stocks. DXCM operates in Diagnostics & Research (Healthcare), while ANET operates in Computer Hardware (Technology). Over the past 10 years, DXCM returned 13.66%/yr vs 45.01%/yr for ANET. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
DXCM vs. ANET - Performance Comparison
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Returns By Period
In the year-to-date period, DXCM achieves a 25.73% return, which is significantly lower than ANET's 37.64% return. Over the past 10 years, DXCM has underperformed ANET with an annualized return of 13.66%, while ANET has yielded a comparatively higher 45.01% annualized return.
DXCM
- 1D
- 11.95%
- 1M
- 21.19%
- 6M
- 14.25%
- YTD
- 25.73%
- 1Y
- 3.32%
- 3Y*
- -11.89%
- 5Y*
- -8.33%
- 10Y*
- 13.66%
- ALL TIME*
- 16.87%
ANET
- 1D
- 5.46%
- 1M
- 8.24%
- 6M
- 27.24%
- YTD
- 37.64%
- 1Y
- 46.36%
- 3Y*
- 57.23%
- 5Y*
- 49.97%
- 10Y*
- 45.01%
- ALL TIME*
- 38.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.09B | $1.31B | $1.55B | |
DXCM DexCom, Inc. | $381.17M | $359.84M | $403.63M |
DXCM vs. ANET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXCM DexCom, Inc. | 25.73% | -14.66% | -37.33% | 9.58% | -15.64% | 45.23% | 69.02% | 82.59% | 108.75% | -3.87% |
ANET Arista Networks, Inc. | 37.64% | 18.55% | 87.73% | 94.07% | -15.58% | 97.89% | 42.86% | -3.46% | -10.56% | 143.44% |
Correlation
The correlation between DXCM and ANET is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | 0.28 |
Over the past year, the correlation between DXCM and ANET has dropped to 0.07 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
DXCM:
$32.20B
ANET:
$227.09B
DXCM:
$2.51
ANET:
$2.92
DXCM:
33.22
ANET:
61.82
DXCM:
0.79
ANET:
1.45
DXCM:
6.68
ANET:
23.69
DXCM:
12.47
ANET:
17.03
DXCM:
$4.97B
ANET:
$9.71B
DXCM:
$3.12B
ANET:
$6.17B
DXCM:
$1.41B
ANET:
$4.21B
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Return for Risk
DXCM vs. ANET — Risk / Return Rank
DXCM
ANET
DXCM vs. ANET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DexCom, Inc. (DXCM) and Arista Networks, Inc. (ANET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXCM | ANET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.18 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.64 | -1.54 |
| Martin ratioReturn relative to average drawdown | 0.19 | 3.37 | -3.18 |
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Drawdowns
DXCM vs. ANET - Drawdown Comparison
The maximum DXCM drawdown since its inception was -94.61%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for DXCM and ANET.
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Drawdown Indicators
| DXCM | ANET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.61% | -52.20% | -42.41% |
Max Drawdown (1Y)Largest decline over 1 year | -33.33% | -28.33% | -5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -60.95% | -50.42% | -10.53% |
Max Drawdown (5Y)Largest decline over 5 years | -66.32% | -50.42% | -15.90% |
Max Drawdown (10Y)Largest decline over 10 years | -66.32% | -52.20% | -14.12% |
Current DrawdownCurrent decline from peak | -48.75% | -3.54% | -45.21% |
Average DrawdownAverage peak-to-trough decline | -36.14% | -15.30% | -20.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 13.82% | +3.71% |
Volatility
DXCM vs. ANET - Volatility Comparison
The current volatility for DexCom, Inc. (DXCM) is 15.95%, while Arista Networks, Inc. (ANET) has a volatility of 19.95%. This indicates that DXCM experiences smaller price fluctuations and is considered to be less risky than ANET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXCM | ANET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.95% | 19.95% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 29.74% | 43.19% | -13.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.91% | 56.22% | -13.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.22% | 48.29% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.66% | 45.33% | +3.33% |
Dividends
DXCM vs. ANET - Dividend Comparison
Neither DXCM nor ANET has paid dividends to shareholders.
Financials
DXCM vs. ANET - Financials Comparison
This section allows you to compare key financial metrics between DexCom, Inc. and Arista Networks, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DXCM vs. ANET - Profitability Comparison
DXCM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, DexCom, Inc. reported a gross profit of 830.00M and revenue of 1.31B. Therefore, the gross margin over that period was 63.4%.
ANET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Arista Networks, Inc. reported a gross profit of 1.68B and revenue of 2.71B. Therefore, the gross margin over that period was 61.9%.
DXCM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, DexCom, Inc. reported an operating income of 318.30M and revenue of 1.31B, resulting in an operating margin of 24.3%.
ANET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Arista Networks, Inc. reported an operating income of 1.16B and revenue of 2.71B, resulting in an operating margin of 42.7%.
DXCM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, DexCom, Inc. reported a net income of 249.10M and revenue of 1.31B, resulting in a net margin of 19.0%.
ANET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Arista Networks, Inc. reported a net income of 1.02B and revenue of 2.71B, resulting in a net margin of 37.8%.
Frequently Asked Questions
DXCM and ANET have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANET has higher volatility (19.95%) compared to DXCM (15.95%). In terms of maximum drawdown, DXCM dropped -94.61% vs ANET's -52.20%.
ANET currently has the higher Sharpe Ratio (0.83 vs 0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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